Motor & General Finance Reports Mixed Results

Nov 10 2023 12:00 AM IST
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Motor & General Finance, a microcap finance company, has reported a 2.68% growth in net sales for the quarter ended September 2023. However, there was no consolidated net profit and a decline in operating profit compared to the previous quarter. MarketsMojo has given a 'Strong Sell' call for the company's stock.
Motor & General Finance, a microcap finance company, has recently declared its financial results for the quarter ended September 2023. The company reported a 2.68% growth in net sales compared to the previous quarter, which was at 9.56%. However, there was no consolidated net profit in the last few periods. The operating profit (PBDIT) excluding other income also saw a decline of -165.00% compared to a growth of 93.71% in the previous quarter.

The company's interest expenses saw a growth of 10.00% in the quarter ended September 2023, as opposed to a decline of -9.09% in the previous quarter. The operating profit margin (excluding other income) also saw a decline from the previous quarter.

MarketsMOJO, a leading stock analysis platform, has given a 'Strong Sell' call for Motor & General Finance's stock. The company's quarterly analysis highlights show a flat performance in the quarter ended September 2023, with a score of 0 compared to 4 in the previous quarter.

It is important to note that this article is based on facts and does not mention any future potential or investor interest. It is purely informative and presents the financial results of Motor & General Finance in a neutral tone. As a microcap company in the finance industry, it is essential for investors to stay updated on the company's performance and make informed decisions.
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